Lord Brougham of Vaux
asked Her Majesty's Government:
What progress has been made in establishing an international trust fund to provide Tuvalu with revenue to meet its recurrent expenses.
§ Lord Glenarthur
An agreement to establish the trust fund was signed in Suva on 16th June by representatives of the governments of Australia, New Zealand, Tuvalu and the United Kingdom. A copy was laid before the House on 25th June. After ratification, we intend to make a contribution to the fund of 8.5 million Australian dollars, approximately £3.86 million at current rates of exchange.